Emeren Group Ltd, a global leader in solar project development, has sold a 42 MWp Ready-to-Build solar project portfolio in Spain to CVE España, a subsidiary of French IPP CVE. This portfolio comprises eight Greenfield projects, developed by Emeren since 2021, with sizes ranging from 5 MW to 6 MW. One project has closed, with the remaining set to close in Q3 2024. The projects will generate 92,792.936 MWh/year of energy, powering 28,360 households and avoiding 20,093.73 tons of CO2 emissions annually. CVE claims this transaction will accelerate its development, tripling its installed capacity in Spain to 65 MWp by late 2025. This expansion aligns with CVE’s strategic goals of producing and selling distributed solar energy through PPAs, meeting corporate energy needs, and contributing to Spain’s renewable energy targets.
Emeren sells 42 MWp solar portfolio in Spain
The acquisition aligns with CVE’s strategic goal of producing and selling distributed solar energy through Power Purchase Agreements. (Image Credit: Emeren Group)
India, China, and Indonesia will lead APAC’s 57 GW dc floating solar capacity, achieving 31 GW (DC) combined by 2033. (Image Source: SOLARbytes)
EOS Capital Advisors advised Balanced Rock Power in selling its 25 MW solar project to Standard Solar. (Image Source: Standard Solar)
China Energy Engineering Corporation taps Huasun’s high-efficiency HJT solar modules for its 2024 projects. (Image Source: Huasun)
Saatvik Solar will supply GH2 Solar with bifacial PV modules over a 12-month period beginning January 2025. (Image Source: Saatvik Solar)